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Four Bedroom House (ref. 41709452)
Date & Time Listed: 2025-05-05 10:09:13 (GMT)
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Ad Details:
This large multi-family home is located in Buckeye Shaker and is only three minutes and walking distance from the
centre of the famous Shaker Square. Shaker Square is one of the biggest attractions in Cleveland and is full of
restaurants, bars, boutiques and even has a cinema.
The property is divided into two large two bedroom apartments, One apartment has a tenant in place paying
$800 in rent each month, The current market rent is $1,000- $1,250 each month. Included in the price is a Sellers
Rental Contribution of $3,000 which equates to $250 for 12 months which gives the new owner the current
market rent for the first year, This will be credited to the buyer on closing. The apartment has just been updated
and is rental ready. The management company will place a brand new tenant when the new owner closes on the
property. The apartment should achieve $1,000 – $1,250 in rent each month.
The seller has requested the tenants not to be disturbed, internal pictures will be supplied with the inspection. All
contracts are subject to a full independent inspection.
Buckeye Shaker is seen as a very strong investment area in Cleveland, less than 1 mile away you have the famous
Shaker Square. The house is also just 4 minutes to Larchmere Blvd which is host to a multitude of many quality
cafe’s, restaurants, beauty salons, fashion shops and many small businesses. This house is extremely well located.
Investment Calculations
Purchase price
$109,900
Gross annual rental income:
$27,600
Property running costs:(Tax, insurance and management costs)
$4,658
Net annual rental income:
$22,942
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
21%
Break even in
4.76 Years.
This property is a House for sale.
Other Details:
Number of Bedrooms: 4
Number of Bathrooms: 2
Price: 109,900.00 USD
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